Tom leads the New York office's Structured Finance and Securitization practice. Tom is a versatile lawyer with broad corporate finance experience, having represented lenders and borrowers, issuers and underwriters, sellers and buyers, for over 21 years in acquisitions, asset-based finance, structured secured lending, venture capital and asset securitization transactions. Bespoke transactions require creativity in addition to technical know-how. Tom’s career has been highlighted by innovative transactions and esoteric and novel asset-based financings, based in a deep-rooted background in the fundamentals of traditional structured finance, capital markets and real estate finance and asset securitization. An effective structured finance lawyer must understand how the financing fits within the larger context of the client’s overall business objectives in order to maximize the benefit for the client.
In recent years, Tom has emerged as the national leader in mortgage servicer finance. He has led over 60 transactions for the financing of servicer advance receivables in the last decade, ranging from revolving loans to master trusts with multi-tranche evergreen securitization features combining revolving variable funding notes with term asset-backed securities placed with institutional investors, and the first TALF-funded servicer financing ABS issue. This specialty arose from two decades of representing mortgage and manufactured housing servicers and consumer finance companies in connection with all aspects of their businesses, including efforts to develop the most efficient means to finance their operations to enhance their competitive position.
Tom has been instrumental in several of the leading transactions of the financial crisis from which our economy is now beginning to emerge. These transactions include several major mortgage area M&A transactions and the associated financing packages combining rated securitization technology with traditional syndicated corporate loans, and the first complete restructuring of the insurance obligations of a major monoline financial guaranty insurance company.